What can you buy with a virtual pocketful of satoshis? Why, anything and everything. Whatever goods or services you can purchase with BTC or BCH you can purchase with their smaller units of account – the satoshi, or ‘sat’ for short. With 100 million of them to every bitcoin, satoshis are as divisible as they are versatile. But for satoshis to thrive, the Bitcoin community needs to start using them to price products. Only then can the simple sat start to shine.

The two dates have cemented themselves with Promethean significance into Bitcoin’s lore. On October 31, Satoshi Nakamoto published the Bitcoin white paper, a constitution of sorts for his revolutionary monetary system and its intrinsic currency.

On January 3, this constitution came alive with Bitcoin Block #0. Also known as the network’s genesis block, this cornerstone would provide the foundation for an ecosystem that would challenge our perception of how money is valued and managed in a digital age. Read more...

Samourai Wallet announced the release of a new app update on September 28 that removes fiat values for wallet balances and transaction fees. Instead, the wallet now shows only satoshis (sat), the smallest unit of bitcoin, for all values. In the announcement, the bitcoin wallet provider knew that the change could cause some frustration among

Cryptocurrency wallet Samourai Wallet has released an update which removes fiat currency balances in a move it says stops users using Bitcoin with a “crutch.”

Users Must Embrace ‘Native Token’ BTC

In a blog post September 28, Samourai revealed its latest 0.98.87 wallet release would no longer feature any fiat references, instead giving users the options to transact in BTC or satoshis (SAT), Bitcoin’s smallest unit.

Explaining the impetus behind the decision, executives said that users would “never be ready” to abandon fiat, but spurring them to do so would make them “understand” what it means to use Bitcoin better. Read more...

An intramural debate among Bitcoin Cash developers about the future of the BCH protocol is heating up, with a development group backed by nChain and Craig Wright vowing to create a new full node client that does not include the so-called “unnecessary changes” being added to Bitcoin ABC, the most popular full node BCH client.

On March 23-25 in Tokyo Japan, the Satoshi’s Vision Conference took place with a view to promoting the worldwide adoption of bitcoin cash (BCH). The conference was the largest cryptocurrency-infused event to date and hundreds of people visited Tokyo to discuss BCH and on-chain scaling.

Welcome to the second instalment of Bitcoin in Brief, a daily feature from the news.Bitcoin.com team. In today’s roundup: examining the ownership of pre-2010 bitcoins, Vitalik Buterin calls out Craig Wright, and John McAfee’s price per tweet sets tongues wagging.

Bitcoin Cash’s narrow focus on transactions ‘gets it wrong’ because money is only a ‘byproduct’ of a much bigger vision, according to Max Keiser.

Money Only a ‘Byproduct’

Financial pundit and host of The Keiser Report, Max Keiser, has put in his two cents on the Bitcoin scaling debate, stating that focusing on transactions ignores the main reason why the world’s first cryptocurrency was created.

Keiser wrote on Twitter:

Viewing [Bitcoin] narrowly through lens of ‘transactions’ cuts the guts out of why Bitcoin is turning the world upside down.Read more...